A simple moving average (SMA), also know as simple-day moving average or simply moving average, is a technical indicator that determines the average of a chosen range of prices, typically the closing prices, by the quantity of periods in that range. For example, the 50 SMA adds up the closing prices of the past 50 days and divides the sum by 50 (days) to make an arithmetical average. From that calculation, the SMA indicator displays a line in the chart that can be used as a support level if price is above it or a resistance level is price is below it. Generally, more that one moving average is used, in order to have a more complete picture analysis of price action during short-, intermediate- and long-term periods. Other moving averages exist, such as the weighted moving average (WMA) and the exponential moving average (EMA).
As we all know, 2022 has been a painful year, and it continues to be so. What works during a bearish market are a few strategies: shorts, inverse ETFs, holding cash positions and day trading. Today we take a look at ATXI and see how we day traded it. Watch this video to get the technicals. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is
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